John Felderhof’s new life after Bre-X
John Felderhof looks much thinner than when we first met at the Prospectors and Developers Association of Canada convention in 2010.
Volume 98 Number 46 Dec 31 - Jan 6, 2013
Groia ground down but defiant after Felderhof’s Bre-X trial
Early in 2012, the Law Society of Upper Canada convicted Toronto securities lawyer Joe Groia of “incivility” during his defense of John Felderhof against quasi-criminal charges laid by the Ontario Securities Commission of insider…
First Quantum sweetens bid for Inmet to $5.1B
First Quantum Minerals (FM-T, FQM-L) has stepped up its game to take over Inmet Mining (IMN-T), boosting its hostile offer to $5.1-billion in hopes of winning over Inmet shareholders, after failing twice to entice the company’s board in…
Market news: Toronto Stock Exchange
Optimism that politicians south of the border would come to a resolution regarding the impending fiscal cliff helped hold up equities north of the border during the trading week. The S&P/TSX Composite Index increased 107 points for the…
Market news: TSX Venture Exchange
In the last trading week before the Christmas holiday, the S&P/TSX Venture Composite Index saw one day in the red eliminate four days of small gains, and as a result the index finished the trading session down 5.91 points at 1.177.71….
Market news: U.S. Markets
U.S. equity markets in the first four days of the week turned positive on optimism lawmakers could avert the fiscal cliff. The Dow Jones Industrial Average advanced 176.71 points, or 1.35% to 13,311.72; the S&P 500 Index climbed 30.11…
Metals, mining, and money markets
Spot prices
First Majestic buying Orko Silver for La Preciosa
“To add the amount of ounces we’re adding, there are simply not a lot of opportunities — it was almost a must-have for us to add this asset to our portfolio,” First Majestic Silver (FR-T) president and CEO Keith Neumeyer…
Silver Standard targets Pitarrilla
After repositioning Silver Standard as a well-funded firm with a strong management team and a sole operating mine in Argentina, Silver Standard Resources’ (SSO-T, SSRI-Q) president and CEO John Smith says his company is now “getting…
Editorial: 2012 a sweet and sour year
It was a mixed year of success and setbacks in mining, with some of our favourite stories being:
A look at compensation for mining execs, boards
The following is a summary of the Mining Industry 2012 Executive and Board Remuneration report, conducted Bedford Consulting Group and Global Governance Advisors. The report covers remuneration practices among more than 230 mining organizations…
Canaccord reflects on juniors
In its last issue of the year, Canaccord Genuity’s Junior Mining Weekly takes a look back at 2012 and offers predictions for what lies ahead in 2013.